Local Business
CUC engineer spending year at US power company
(CNS Business): A Caribbean Utilities Company (CUC) employee has been sent to Tucson Electric Power (TEP) in Arizona, marking the first time that the company has participated in a secondment. Corey Miller is spending a year at the Tucson facility, enabling him to train and gain experience within another utility. Miller said of this opportunity, […]
JGHS students learn about legal careers
(CNS Local Life): John Gray High School (JGHS) students recently learned about legal internships at a local law firm along with educational options at the Cayman Islands Further Education Centre. Representatives of HSM IP, including two people who participated in the CIFEC programme, spoke about internship possibilities at a JGHS assembly held Friday, 24 February.
Airport inconvenience ‘worth it in the long run’
(CNS Business): The inconvenience people are currently facing at the Owen Roberts International Airport will “definitely be worth it in the long run when we will have a world-class terminal”, according to Cayman Islands Airports Authority (CIAA) CEO Albert Anderson. Having reached the quarter mark on the project, work on Phase 1 is finished while […]
Fuel costs fall as earnings rise for CUC
(CNS Business): Grand Cayman’s monopoly power provider enjoyed an increase in net earnings of some $2.4 million last year but CUC said the average cost of bills still fell by almost 32% by the year-end compared to consumer bills at the end of 2014. The power provider said that the combination of a fall in […]
Regulator seeks to gain trust with consistency
(CNS Business): The newly appointed boss of the government’s newest regulator says there are several challenges ahead for the new office but one of the most important is gaining the trust of the stakeholders across the utilities that he and the team will be regulating. Consistency, transparency, impartiality and independence will be key to forging […]
Construction industry trade show set
(CNS Business): A two-day event catering to all things related to the building industry is being held next month at the Arts and Recreation Centre in Camana Bay. The Hurley’s Media Builders Expo, slated for 3-4 March, is designed to connect local architects, contractors, plumbers, electricians and other industry businesses with potential homebuilders as well as […]
TV regulator rejects blame over commercial failings
(CNS Business): Following the news that Cayman 27 is dropping its costly ‘Daybreak’ local morning magazine TV show, the TV arm of the new regulator OfReg has stated that this issue is entirely commercial and not a regulatory matter. “The failure of cable providers to come to an agreement with Hurley’s Media Ltd for distribution […]
CAL flying twice weekly to Roatan
(CNS Business): Cayman Airways Limited (CAL) has announced the start of a new twice-weekly service between Grand Cayman and Roatan (RTB) in March. The new Boeing 737 nonstop flights will be in addition to the existing year-round flights to La Ceiba. CAL’s board chair, Phillip Rankin CPA, said the expansion into Roatan from 16 March […]
Minister aims for business compliance
(CNS Business): Starting this month, the Department of Commerce and Investment will be clamping down on rogue businesses who have not paid for their trade and business licences or who are not compliant with the other laws. Commerce Minister Wayne Panton said he wants to see a level playing field in the local business environment. […]
China to ‘favour’ Cayman registered ships
(CNS Business): The United Kingdon and Chinese governments have signed a deal on behalf of the Cayman Islands that officials said will boost the competitiveness of the Cayman Islands Shipping Registry. Liu Xiaoming, the Chinese Ambassador to the UK, arrived in Cayman yesterday for a brief visit to confirm the deal, which bestows ‘Most Favoured […]
Flow confirms acting MD in local top job
(CNS): Victor Salgado, who has been acting as the boss for Flow’s Cayman operations since May, has been formerly appointed as the local managing director for the firm. Salgado joined Cable & Wireless in 2013 but the firm said that he has more than twenty years of leadership experience in the telecoms industry, having worked […]
Jamaican boss to lead Caribbean C&W ops in New Year
(CNS Business): Regional telecommunications conglomerate Cable & Wireless has appointed its Jamaican chief, Garfield “Garry” Sinclair, as president of the Caribbean, covering 15 territories across the region, including Jamaica, Trinidad, Barbados and the Cayman Islands. He will be responsible for the strategic execution, financial performance and reputation of the business, developing the company’s growth in […]
Business urged to watch their cash this Christmas
(CNS): Police are reminding local businesses owners to be careful when managing their cash this holiday season. With crime on the up and commercial operations handling more cash than usual, owners are being urged to pay attention. The RCIPS said business owners and the general community should exercise caution when handling large amounts of cash, […]
Ironwood claims golf course to start in New Year
(CNS Business): On her first visit to Cayman, Amy Saunders, daughter of the late Arnold Palmer, said she is committed to keeping alive the idea of the championship golf course in her father’s name at Frank Sound following his death earlier this year. Developers for the course, which is meant to form part of a […]
New Year fines for owners who fail to renew TBLs
(CNS Business): Owners who are operating businesses using expired licences will be subject to fines under the Trade and Business Licensing Law (TBL) in the New Year, the Department of Commerce and Investment has warned. Government will be clamping down in January and businesses owners who allow their licences to expire without renewing on a […]
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